I think it’s pretty easy to make.
Today, the most common form of brandy remains grape brandy. It is created by distilling a fermented mash of grapes or a wine made from grapes. The distilled liquid is then aged in wooden barrels for at least two years.
Cognac is one of the most well-known brandies. It is a grape brandy that is made in the Cognac region of France. There are strict rules in place for the production of Cognac including a stipulation that it must contain at least 90% Ugni Blanc, Folle Blanche or Colombard grapes.
I’ve heard of brandy, but I had no idea what it was. I don’t think I’ve ever even tried it.
Whiskey is a distilled spirit that is made from a fermented grain mash.
The whiskey-making process begins with the grains being milled then immersed in water to extract soluble sugars. This process is called mashing. The sure-rich solution that is created is referred to as the wort.
The wort is then fermented using yeast to create the wash. The wash is then placed into a still and distilled at least twice.
I recently watched this movie, The Ladies’ Man. That dude mentioned courvoisier a lot. Haha
Ok film, I classify that film in the same category as Undercover Brother.
Man, that looks good. I don’t think I’ve ever seen a Chinese recipe with potatoes before.
Can’t forget the scallions!
Farmers faced a multitude of challenges, including plummeting crop prices, high debt, and a lack of demand for their products.
In response to this crisis, the federal government implemented various measures, including the Agricultural Adjustment Act (AAA), which aimed to reduce crop surpluses and stabilize prices.
However, these efforts also resulted in the destruction of crops and livestock, a practice that sparked controversy and raised questions about the government’s role in managing food production.
Imagine people are hungry, and local grocers are throwing potatoes and other food into the river because demand is so low.
But, if you don’t throw away those foods, no one will buy and you won’t make any money for yourself.
@SmallPaul What possible solutions do you think were missed at that time?
As for me, a little ice goes a long way.
I prefer sipping to taking shots.
When sipping whiskey neat, you allow its full bouquet of aromas to develop. The whiskey’s temperature, combined with the shape of your glass, lets the natural oils and compounds release their scents. This experience engages your senses, adding depth to the drinking ritual.
Based on what I’ve read, this program, or whatever you may call it, didn’t generate much income for farmers, so why not boost subsidy payments to the farmers since food is essential to every nation.
Regarding excessive crop production, the farmers could slow down production until demand increases, or the government could give coupons to the extremely impoverished to buy these crops, which might lead to inflation.
You can’t saturate the market; however, I dislike wasting food while people are hungry. It’s a tricky situation.
You got that right.
This is key. But that doesn’t necessarily mean the government made it worse. Although, it probably did.
Another method is to let the market correct itself, and government interference would be 0.
It would be an ugly process, albeit necessary, I guess.
But I’d hate to believe that destroying food was the best possible solution.
Perhaps, the best solution isn’t dealing with food, but just somehow getting people back to work and getting money exchanging hands again.
I can’t believe people still don’t know exactly what caused the Great Depression.
This article says there is some consensus in the theories, but no one is 100% sure.
One key factor is that people were trading on margin. I guess there was major bull run in the stockmarket, and prices pulledback (probably stocks were overbought) causing investors to panic.
Somehow this led to GDP dropping 30%.
I guess it was a stockmarket bubble. People started throwing money at stocks, just like mortgage bonds in 2008. I’m not sure, but it may have been the first time that trading on margin was available. That’s when things snowballed.
Other factors were at play, of course. But this was one.
@SmallPaul Are bailouts the only way to rebound from a market crash?
Yes and No, certain finance firms were fully aware of their actions, mortgage/banks handing out home loans like bottles of water, and some executives should have faced charges. They arrived at Congress in their private jets seeking billions in bailout funds, fully aware that a bubble was imminent.
The system is too big to fail, which is why individuals should have been charged to deter these behaviors in the future, therefore yes, a bailout was necessary.
The housing bust of 2008 was a significant financial crisis that stemmed from a collapse in the housing market, leading to widespread economic repercussions.
Causes
Subprime Mortgages: Lenders issued high-risk loans to borrowers with poor credit histories.
Housing Bubble: Rapidly rising home prices created an unsustainable market.
Financial Instruments: Complex financial products, like mortgage-backed securities, obscured risk.
Impact
Foreclosures: Millions of homeowners faced foreclosure as they could not meet mortgage payments.
Bank Failures: Major financial institutions, including Lehman Brothers, collapsed or required government bailouts.
Economic Recession: The crisis contributed to a global recession, with high unemployment rates and decreased consumer spending.
Government Response
Bailouts: The U.S. government implemented bailout programs, such as TARP (Troubled Asset Relief Program), to stabilize the financial system.
Regulatory Changes: New regulations aimed to prevent similar crises, including the Dodd-Frank Act.
Long-term Effects
Market Recovery: The housing market gradually recovered, but many areas took years to return to pre-bust levels.
Changes in Lending Practices: Stricter lending standards were established to reduce risk in the mortgage market.
The housing bust of 2008 remains a critical case study in financial regulation and economic stability.